Thursday, September 29, 2005

Honda n Toyota

In other news I think people are rushing to buy stock in companies producing hybrid cars. Toyota is up about 25% since I bought it, and Honda is up over 17% since I bought it.

Also see this article, which has the following quote:
In the end, Hurricane Rita released its fury on the Gulf of Mexico drilling area, damaging more offshore rigs than any storm ever, before hitting four refineries on the Texas/Louisiana border.

While damage to rigs, which drill for oil, will drive up future fuel prices, the damage to refineries on top of the run on petrol in the evacuation is likely to have an immediate impact at a time when Americans already are seeing petrol for $3 per gallon at the pump.


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